A prolonged recession in Europe should decrease the
A. supply of U.S. dollars.
B. demand for U.S. dollars.
C. supply of U.S. goods and services.
D. demand by Americans for euros.
Answer: B
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When the government passes a law making a particular good illegal, does it matter for the black market price and quantity if the penalties for breaking the law are imposed on the buyers or on the sellers?
What will be an ideal response?
Based on the 1997 Crisis and your own experience, what are the main weaknesses of the East Asian economies?
What will be an ideal response?
Assume that a security has two possible outcomes. There is a 50 percent chance that the yield will equal 12 percent and a 50 percent chance that the yield will equal 4 percent. The expected yield for this security is
A) 16 percent. B) 12 percent. C) 8 percent. D) 4 percent.
The role of the entrepreneur in society is to
A. bring the factors of production together and take the risks of producing. B. provide capital to the firm which the management combines with labor. C. control the land upon which all production takes place to get the most rent. D. regulate what products are considered safe to market.